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None of your business, Dubya
Posted by: mcq on Thursday, February 01, 2007

A man who enables spending of taxpayers dollars like a drunken sailor on shore leave in Singapore has the temerity to lecture private business about executive compensation?
"Government should not decide the compensation for America's corporate executives. But the salaries and bonuses of CEOs should be based on their success at improving their companies and bringing value to their shareholders," [President] Bush said in a speech on the U.S. economy in New York.
Not only should government not decide, it is none of government's business, especially given the palaces it builds for itself and perks its elite enjoy.
"America's corporate boardrooms must step up to their responsibilities. You need to pay attention to the executive packages that you approve. You need to show the world that America's business are a model of transparency and good corporate governance," he said.
Yeah? Well when you have the "model of transparancy and good governance" then you can start worrying about other models. Until then my suggestion is to concentrate on cleaning up the mess in Washington DC. Perhaps compensation in that town ought to be decided on success at achieving transparency, cutting bureaucracy, spending less and eliminating intrusive and unneeded departments, bureaus and regulations.

If that were the case, everyone in that town would be a pauper.
 
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(sigh)...

McQ....deep breaths. Using triple negatives in a single sentence can NOT be good for your blood pressure!

He was expressing an opinion, not calling for a mandate. Calm down!

Of course, this is only the 2nd thing Shrub has mumbled that I fully support.

The first thing being we ’ought’ to go to Mars.
 
Written By: Rick Day
URL: http://goplobby.org
Perhaps compensation in that town ought to be decided on success at achieving transparency, cutting bureaucracy, spending less and eliminating intrusive and unneeded departments, bureaus and regulations.
Or as Keith_indy said, "Benchmark This!"
 
Written By: Lance
URL: http://asecondhandconjecture.com
President Bush does have an MBA, you know.

Just as America’s corporate boardrooms must step up to their responsibilities, so must the government. I do not believe that we (or anyone else) has had a representative government that was more virtuous than the general citizenship.

I’m not sure why you’re so livid about this.
 
Written By: Mark A. Flacy
URL: http://
I’m not sure why you’re so livid about this.
Who’s livid?

None of his business. Clean up your own mess before advising others to clean up theirs.

That’s livid?
 
Written By: McQ
URL: http://qando.net
Just more proof to me, what i’ve been saying sense the day came in the office. President Bush is a do good, Big Government loving Liberal.

Barry Goldwater is rolling in his grave
 
Written By: RegularRon
URL: http://
Wasn’t it Reagan who was famously quoted as saying that the government was "spending like a drunken sailor"...and then apologized to sailors everywhere, since they were "only spending their OWN money"?
 
Written By: blackwing1
URL: http://
Of course, this is only the 2nd thing Shrub has mumbled that I fully support.
The fact that you support it, Rick, is prima facie evidence that it’s a terrible idea.
The first thing being we ’ought’ to go to Mars.
I’m sure every reader here would contribute to sending you there.
 
Written By: steverino
URL: http://steverino.journalspace.com/
Just one more reason for public companies to go private.
 
Written By: DS
URL: http://
I am extremely uncomfortable with trying to legislate everything. The less government interference the better. But when someone like Raymond (former Exxon CEO) gets $400 million, something needs to be done. It’s the cronyism that makes it possible and big business needs to make a pact not to do this unethical crap. When Raymond sits on one ’independant’ compensation board and votes some crony a fat settlement, and then appoints that same person to HIS ’independant’ compensation board that awarded him $400 million, we got problems folks. I’d love to see some lobby watchdog with some clout get formed that organized mass sell offs of private share holders when they see these shenanigans. If you drove Exxon’s stock price down $1, that would be an actual value of around $6 billion.
 
Written By: civdiv
URL: http://

 
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